Annual AML/CFT Risk Awareness
Certification Training
Financial institutions are required by their regulatory authorities to provide all employees with an annual anti-money laundering training.
Regular AML/CFT Risk Awareness training enhances employees’ vigilance against the latest ML/TF risks faced by the business and their role in mitigating this risk.
Using the highly regarded i-KYC Annual AML/CFT Risk Awareness e-learning can help organisations to effectively train and test their staff about correct understanding of the latest AML/CFT risks and trends
Possible Overview Course Content
Module 1: Money Laundering & Terrorism Finance
- Definitions of ML & TF
- Predicate offences
- The three phases of money laundering: Placement, Layering & Integration
- The Money laundering Challenge: Can you launder dirty money? (interactive case study)
Module 2: AML/CFT Laws & Regulations
- AML/CFT Legislations
- Key requirements of AML/CFT law
- CDD/KYC policies financial institutions
- ML/TF Red flags
Module 3: Trends in AML/CFT Corruption
- Corruption > predicate offence for money laundering
- How banks are misused in corruption cases
- Corruption in the region
- Case study: Odebrecht
Module 4: Knowledge Check
- Minimum passing score
- Audit trail: evidence of completion
- Certificate of Completion
LMS platform & services
i-KYC’s e-learning courses are produced applying the industry standard SCORM 1.2 programming protocol. You may choose to have them delivered to you electronically, ready for uploading to your hosting platform. In case you need a hosting platform or wish to reduce the burden on your HR and IT organisations, i-KYC can support you in the roll-out with our low cost, state-of-the-art Learning Management Solution.
i-KYC offers a comprehensive cloud-based Learning Management Platform with the following essential features:
- Exclusive LMS Platform with own ‘Look & Feel’
- LMS administration and support services
- Hosting of multiple e-learnings (including 3rd party providers)
- Administer other training methods (e.g. classroom training, assessments)
- Scalability, flexibility and operational efficiency
- Monitoring and analytical capabilities
Benefits of the LMS Services
Rapid and no-hassle deployment of your complete learning programme using a dedicated single point of contact.
Create your exclusive Learning Management Platform with company logos and own Look & Feel.
Combine multiple courses in logical groupings to create personalized learning paths for your valued learners to engage.
Add content from various learning service providers (provided courses are SCORM compatible).
Review performance and gain insight into training impact with reports and dashboards, or create custom reports delivered via email.
Instant evidence to internal and external stakeholders of compliance with training-related regulatory obligations.
Special: Audit reporting package for
Management, Local Regulators and Correspondent Bank relations:
- Evidence of course completion of users including Knowledge Check scores & time stamp
- Document with e-learning content (slides) plus list of questions of the knowledge checks
i-KYC’s LMS administration and support services include:
- administration of unique user accounts
- grouping by Teams/Departments;
uploading and installation of e-learning programmes - roll out of e-learning courses to the target group (invitation to attend)
- administration of classroom trainings
- data collection and progress monitoring
- due date follow-up
- periodic management reporting
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